Gate.io HODL & Earn Launches Algorand (ALGO) PoS & Earn, Annual Interest Rate 16%
Gate.io launches HODL & Earn, a series of crypto-asset management tools that promises stable profit and lower risks. With Gate.io HODL & Earn, user can earn interest with current or fixed deposits. We will also launch asset management tool with major crypto currencies such as BTC and USDT, providing more ways for users to gain interest.
The Algorand PoS Mining & Earn is launched on Gate.io HODL & Earn. The annual interest rate is 14%-16%, which will be adjusted based on the amount of token mined. Web Users can use the link to purchase - https://www.gate.io/hodl/23, while app users can use HODL & Earn.
The participation rules are stated below.
1) To take part in PoS & Earn, users need to register themselves. However, token lock-up is not required
2) There is no handling fee being charged by Gate.io
3) The annual interest rate is 14%-16%, which will be adjusted based on the number of tokens mined
4) The interest will be calculated based on the average amount of tokens in position over a 14-day period, excluding the borrowed tokens
5) The interest will be distributed every 14 days
6) To continue to participate in the program, users need to operate manually
Introduction to Algorand
Algorand, Inc. is a technology company founded by cryptography pioneer, Turing award winner and MIT professor, Silvio Micali. He designed the Algorand platform with an internationally recognized team of researchers, mathematicians, cryptographers, and economists—from first principles—to guarantee true decentralization, scale and security.
Algorand’s consensus mechanism is permissionless and pure proof-of-stake. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks. And Algorand is the first blockchain to provide immediate transaction finality. No forking. No uncertainty.
Gate.io is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
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